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Original filing (PDF)20251015120702NAL0004487329001
ASBESTOS WORKERS SYRACUSE WELFARE FUND
Form 5500
FILING_RECEIVED
ASBESTOS WORKERS SYRACUSE WELFARE FUND
Health & welfare plan
Signals · 2
27% in single holding~297 bps in Sched C fees
Active participants
74
Accounts w/ balance
—
Plan assets (EOY)
$2.7M
Net assets (EOY)
$2.7M
How this plan invests
This plan
51 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
88
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
86
Total plan cost
65
Vendor stack
100
Participation health
100
Knocking points off
- Top holding "s * Manning & Napier Credit 70,873.017 Shares" is 27% of plan.
- 297 bps in Schedule C fees — 471% above peer band of 52 bps.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for ASBESTOS WORKERS SYRACUSE WELFARE FUND.
Plan sponsor
Name
ASBESTOS WORKERS SYRACUSE WELFARE FUND
EIN
15-6022551
Address
5 ADLER DR., SUITE 3 · EAST SYRACUSE, NY · 13057
Phone
(315) 424-1809
Industry
Constructionsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
501
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-15
Welfare benefit codes
4A · Health (other than dental or vision)
4B · Life Insurance
4F · Temporary Disability (accident and sickness)
4L · Death Benefits (other than life insurance)
4D · Dental
Audit & trust (Schedule H)
Auditor
DERMODY, BURKE & BROWN, CPAS, LLC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
4 rowsOther
4| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| DONNA THOMAS | 15-6022550 | — | EMPLOYEE | $28K | — |
| BLITMAN & KING, LLP | 16-1047304 | — | NONE | $19K | — |
| DERMODY, BURKE & BROWN, CPAS | 01-0723685 | — | NONE | $18K | — |
| MANNING & NAPIER ADVISORS, LLC | 45-3328488 | — | NONE | $17K | — |
Investments
51 direct securities· $2.3M(84% of reported assets)
Uncategorized
$1.7M
50 holdings
Mutual Funds
$633K
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| s * Manning & Napier Credit 70,873.017 Shares | Mutual Funds | — | $71K | $633K | 23.2% | |
| Manning & Napier UNC Bond 29,321.463 Shares | — | — | $29K | $287K | 10.5% | |
| US Treasury Notes 3.375% 5/15/33 126,000.000 Shares | — | — | $126K | $116K | 4.2% | |
| Manning & Napier Overseas 2,411.842 Shares | — | — | $2K | $78K | 2.8% | |
| US Treasury Bond 3.000% 5/15/47 97,000.000 Shares | — | — | $97K | $72K | 2.6% | |
| Treasury INFL BD 0.125% 1/15/31 70,329.060 Shares | — | — | $70K | $62K | 2.3% | |
| Meta Platforms Inc 106.000 Shares | — | — | — | $62K | 2.3% | |
| US Treasury Bond 3.875% 8/15/40 67,000.000 Shares | — | — | $67K | $60K | 2.2% | |
| Amazon Inc 227.000 Shares | — | — | — | $50K | 1.8% | |
| Microsoft Corp 112.000 Shares | — | — | — | $47K | 1.7% | |
| Alphabet Inc 239.000 Shares | — | — | — | $45K | 1.7% | |
| Mastercard Inc 85.000 Shares | — | — | — | $45K | 1.6% | |
| Astrazeneca Plc 604.000 Shares | — | — | — | $40K | 1.4% | |
| Visa Inc 107.000 Shares | — | — | — | $34K | 1.2% | |
| US Treasury Note 2.875% 8/15/28 35,000.000 Shares | — | — | $35K | $33K | 1.2% | |
| Coca Cola Co 458.000 Shares | — | — | — | $29K | 1.0% | |
| Cash Equivalents Allspring Government Money Market 25454.430 Shares | — | — | $25K | $28K | 1.0% | |
| CBRE Group Inc 216.000 Shares | — | — | — | $28K | 1.0% | |
| Taiwan Semiconductor Manufacturer 142.000 Shares | — | — | — | $28K | 1.0% | |
| Johnson & Johnson 189.000 Shares | — | — | — | $27K | 1.0% | |
| EPAM Systems Inc 107.000 Shares | — | — | — | $25K | 0.9% | |
| CSX Corp 766.000 Shares | — | — | — | $25K | 0.9% | |
| Thermo Fisher Scientific Inc 46.000 Shares | — | — | — | $24K | 0.9% | |
| Copart Inc 393.000 Shares | — | — | — | $23K | 0.8% | |
| HDFC Bank Ltd 326.000 Shares | — | — | — | $21K | 0.8% | |
| Electronics Arts Inc 142.000 Shares | — | — | — | $21K | 0.8% | |
| Blackrock Inc 20.000 Shares | — | — | — | $21K | 0.8% | |
| Cadence Design Systems Inc 68.000 Shares | — | — | — | $20K | 0.7% | |
| Servicenow Inc 19.000 Shares | — | — | — | $20K | 0.7% | |
| Transunion 215.000 Shares | — | — | — | $20K | 0.7% | |
| Canadian National Co 183.000 Shares | — | — | — | $19K | 0.7% | |
| Extra Space Storage Inc 122.000 Shares | — | — | — | $18K | 0.7% | |
| Mercadolibre Inc 10.000 Shares | — | — | — | $17K | 0.6% | |
| L3Harris Technologies Inc 80.000 Shares | — | — | — | $17K | 0.6% | |
| Evergy Inc 264.000 Shares | — | — | — | $16K | 0.6% | |
| Applied Materials Inc 98.000 Shares | — | — | — | $16K | 0.6% | |
| Moodys Corp 33.000 Shares | — | — | — | $16K | 0.6% | |
| Union Pacific Corp 65.000 Shares | — | — | — | $15K | 0.5% | |
| Intuitive Surgical Inc 28.000 Shares | — | — | — | $15K | 0.5% | |
| Northrop Grumman Corp 30.000 Shares | — | — | — | $14K | 0.5% | |
| Fiserv Inc 67.000 Shares | — | — | — | $14K | 0.5% | |
| Soc. Quimica Y Minera De Chile 374.000 Shares | — | — | — | $14K | 0.5% | |
| West Fraser Timber Co 149.000 Shares | — | — | — | $13K | 0.5% | |
| Corporate Equity Securities Albemarie Corp 141.000 Shares | — | — | — | $12K | 0.4% | |
| Globant S.A 53.000 Shares | — | — | — | $11K | 0.4% | |
| NASDAQ Inc 134.000 Shares | — | — | — | $10K | 0.4% | |
| MSCI Inc 17.000 Shares | — | — | — | $10K | 0.4% | |
| S&P Global Inc 20.000 Shares | — | — | — | $10K | 0.4% | |
| Masco Corp 131.000 Shares | — | — | — | $10K | 0.3% | |
| Corporate Equity Securities - Continued Intercontinental Exchange Inc 62.000 Shares | — | — | — | $9K | 0.3% | |
| Vertex Pharmaceuticals Inc 21.000 Shares | — | — | — | $8K | 0.3% |
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